Hamlet, IN vs Staunton, IN

Hamlet, IN and Staunton, IN have a very similar cost of living, with only a 0.9% difference in their overall index. Hamlet scores 66 while Staunton scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hamlet is $820/month compared to $879/month in Staunton — a 7% difference. Interestingly, home values tell a different story: while Hamlet has cheaper rent, Staunton actually has lower median home values ($96,400 vs $109,300).

Median household income in Hamlet is $68,750 compared to $61,250 in Staunton (+12.2%). While Hamlet is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hamlet spend roughly 14.3% of their income on rent, less than the 17.2% in Staunton.